P&I: Profit increase with sales growth for the first half year of fiscal 2007/2008

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Wiesbaden (euro adhoc) - In the first six months of the 2007/2008 fiscal year
(April 1 to September 30, 2007), the P&I group attained earnings before interest
and taxes (EBIT) of 6.7 million euros (same period previous year 4.7 million
euros), increasing the EBIT margin from 19.4 to 22.5 per cent. Total sales
increased by 24.8 per cent to 30 million euros. This includes software licensing
sales of 9.8 million euros, which have increased by an impressive 71.4 per cent
compared to the previous year´s sales level. In the earnings after tax (EAT),
the P&I group reports an improvement from 3.2 million to 4.7 million euros. The
earnings before depreciation (EBITDA) increased from 6.3 to 8.5 million euros.
This confirms the corporation´s interim result released on October 31, 2007.

The P&I share price continued to show positive development up to mid-year. It
began at 18 euros and finished at the end of September 2007 at 20.90 euros.
Taking into account the dividend payment of 1 euro during the same period, the
share price increased by 21 per cent.

After a very strong first quarter in sales and results, P&I was again able to
increase sales from the first to second quarter by a double-digit percentage,
from 12.5 million to 14.3 million euro. The operative result in the second
quarter amounts to 2.4 million euros and is charged with a special item from a
share-based payment system. An operative result of 6.7 million euros in the
first six months and an EBIT margin of 22.5 per cent makes P&I one of the
successful companies in the IT business.

Striking increase in the licensing and consulting business segment have been
crucial for sales growth in the first 6 months of fiscal 2007/2008.

Licensing sales increased from the previous year from 4.1 to 9.8 million euros.
In addition to sales from a long-term project overseas, in the second quarter
many projects with new customers in the domestic market again played a role.
Licensing share of total company sales amounts to 33 per cent.

In the maintenance business, sales of 10.9 million euros were achieved. This
means an increase of 0.9 million euros or 8.5 per cent compared to the same time
period in the previous year. This business area contributes 36 per cent of
company sales.

The service business increased by 12.4 per cent or 0.9 million euros. With sales
of 8.6 million euros (previous year 7.7 million euros), P&I attained 29 per cent
of its sales from the consultancy/SI business.

"In the second quarter, licensing sales have also increased in double-digit
figures. The results in the first six months are according to plan", announced
Vasilios Triadis, P&I´s CEO. "State-of-the-Art technology, high quality and
absolute on time delivery are our standards. We are convinced of P&I´s enduring
success and will work consistently to achieve our growth strategy."

At the same time, P&I confirmed the forecast for the end of the 2007/2008 fiscal
year, with the intention of increasing sales by approximately 10 per cent via
organic growth and establishing the EBIT margin above 20 per cent.

Further inquiry note:
Andreas Granderath
Telefon: +49(0)611 7147 267
E-Mail: agranderath@pi-ag.com

end of announcement euro adhoc 08.11.2007 07:04:53
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emitter: P&I Personal & Informatik AG
Kreuzberger Ring 56
D-65205 Wiesbaden
phone: +49(0)611 7147 267
FAX: +49(0)611 7147 367
mail: aktie@pi-ag.com
WWW: www.pi-ag.com
sector: Software
ISIN: DE0006913403
indexes: CDAX, Prime All Share, Technologie All Share
stockmarkets: regulated dealing: Börse Frankfurt, free trade: Börse Berlin,
Börse Hamburg, Börse Stuttgart, Börse Düsseldorf, Börse Hannover,
Börse München
language: English

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